Popcat, a cryptocurrency token, has reached a significant milestone by hitting a $1 billion fully diluted valuation (FDV). This achievement was driven by a substantial market buy of $630,000, which pushed the token's value over the billion-dollar mark. The event has sparked considerable activity in the prediction markets, particularly on Polymarket, where $3.9 million in total bets were placed on whether Popcat would be the first cat-themed cryptocurrency to reach $1 billion. The resolution of these bets has led to some controversy among market participants. Popcat's price surge has also been notable, with a reported 78% increase since a period of skepticism from some investors. The journey of Popcat has been described as an 'insane wild 8-month ride' by its community, highlighting the token's volatile and unpredictable nature.